Analog Devices (ADI) : Sadoff Investment Management reduced its stake in Analog Devices by 0.45% during the most recent quarter end. The investment management company now holds a total of 285,832 shares of Analog Devices which is valued at $18,413,297 after selling 1,278 shares in Analog Devices , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Analog Devices makes up approximately 2.04% of Sadoff Investment Management’s portfolio.
Other Hedge Funds, Including , Hefty Wealth Partners added ADI to its portfolio by purchasing 949 company shares during the most recent quarter which is valued at $61,381. Analog Devices makes up approx 0.05% of Hefty Wealth Partners’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ADI in the latest quarter, The investment management firm added 16,411 additional shares and now holds a total of 132,285 shares of Analog Devices which is valued at $8,556,194. Analog Devices makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in ADI by selling 5,710 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 257,325 shares of ADI which is valued at $16,643,781. Analog Devices makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in ADI in the latest quarter, The investment management firm added 641 additional shares and now holds a total of 670 shares of Analog Devices which is valued at $43,336. Analog Devices makes up approx 0.01% of Washington Trust Bank’s portfolio.
Analog Devices closed down -0.32 points or -0.49% at $64.42 with 18,52,115 shares getting traded on Friday. Post opening the session at $64.62, the shares hit an intraday low of $63.74 and an intraday high of $64.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Analog Devices reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.76. The company had revenue of $869.59 million for the quarter, compared to analysts expectations of $849.90 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Analog Devices. Company shares were Reiterated by Stifel on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $55 .
Analog Devices Inc. is engaged in the design manufacture and marketing of high-performance analog mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters amplifiers and linear products radio frequency (RF) ICs power management products sensors based on micro-electro mechanical systems (MEMS) technology and other sensors and processing products including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products in the industrial automotive consumer and communications markets.